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that is not the whole story? >>guest: you are right. people forget, and i forgot that obamacare, the big health care reform bill had half a trillion of new taxes over the next 10 years including tax on health insurance companies on investment income and hospitals and pharmacy companies and on employers so it is a major tax increase, the biggest ever in the last 25 years. people forgot about it so when democrats say to make it balances we need a tax increase, what we wrote today, didn't you just pass a big tax increase last year? you want $1 trillion increase on top of that? >> and so many of the tax increases do not come online until years down the road, so, although it was passed, and you think you may not have been slapped with it yet, in 2013 and 2015 and 2018 you will be. >>guest: gentleman that is why people for got. they did not take place until 20 thin or 2014 and some in 2018 for the health care plan. the question we have to ask, then, can the economy really get out of the rut with 9.2 percent unemployment and 14 million unemployed with $500 billion tax increase already in the works and, the
and gloom for the market watchers. what's the truth here. >> traders for a long time figured this was no big deal a big oner. recently they started to take action pulling gold prices higher over $1,600 a troy ounce and a weak dollar means that oil prices are spiking higher almost to $100 a barrel. bar the door if we actually have a default then you could see the big impacts a big market sell-off spiking interest rates. >> shepard: default a much bigger deal than a downgrade. a lot of folks suggest a downgrade coming either way. >> a downgrade could come any time. very big impact on consumer interest rates, mortgage rates, small business loans. you name it, they become more exeivel if those interest rates move higher. also stocks could sell off not good news for your 401(k), shep. >> shepard: no doubt. gerri willis fox business news. her report 5:00 eastern time, 4:00 central on the fox business network jewels up the dial. one republican leader says president obama would rather give speeches about the debt crisis than find a solution. but the president's experts say he is the one actually tal
government and where you spend. >> every time in recent american history, we have run this experiment of big government, big spending, big entitlements, big taxes. it has led to economic catastrophe. it's led to huge amounts of burden on the american people. >> bill: what economic catastrophe. >> ever since the beginning of the great society as you pointed out trillions of dollars that began the big uptick in deficit spending. some presidents have spent more than others, okay? >> bill: right. >> every time we have run the far left progressive experiment of dog out money whether it's entitlement programs, bill, whether it's going into the inner city and pumping god knows how many hundreds of billions into education, every time we have run those experiments, the exact opposite effect has happened. not only have the poor not been elevated out of poverty, but you have also perpetuated this cult of dependency and victim hood. >> bill: that's pretty true. what you are say something true. >> in the mackenzie survey you are talking about rich is getting richer and poorer getting poorer. that's the f
limit talks, some governors are making big policy strides and who is moving in the right direction and who has got it wrong? plus, school may be out, but school choice appears to be in. some good news from the front lines of education reform. and the war against girls, a closer look at a controversial new book that documents the increasing phenomenon of sex selection and the consequences of a world full of males. welcome to the journal editorial report. i'm paul gigot. the state of the state with leaders in washington still bogged down in debt limit talks, some governors are making real strides in the fight to balance their state budgets and others are falling into the same old tax and spend facts. wall street columnist, dan henninger and kim strassel and senior economics writer, steve moore. dan, this may be the most c consequence time, which states first, are making progress and what nr' doing. >> well, the state, i think, is making some of the most interesting progress in florida with the republican governor rick scott. rick scott came in on a pro business agenda and said he was
of floating short-term or mini deal on the debt ceiling, although it wouldn'n't be perfect. >> the big problems wouldn't go away. it just delays the moment of truth. i say better now than then but if we can't, we'll take the savings we get now and relitigate this as we get closer to the election. >> the white house toughened the language in recent days, criticizing congress and specifically republicans. speaking to the national education association on sunday, vice president biden sounded campaign mode using class war fair argument against the republican -- war warfare argument against the republicans. >> they believe 1% of the wage earners controlling 1% of the wealth is a vehicle to spur economic growth. because those with the wealth know the most that will know best to do with that wealth. >> some republicans have punched back by being critical of the process the white house chose to address the problem including negotiations led by the vice president. we have been waiting on secret talks to somehow settle our problem. but congress is the constitutional place for this to be decided.
in these negotiations. chief washington correspondent jim angle looks at how big the gap is between what medicare takes in and what it owes. >> lawmakers of both sides agree that it's unsustainable. a problem raised with the former director of the congressional budget office. >> our understanding is that medicare is insul vent to $60 trillion is that right? >> it's underfunded by any piece of arithmetic. this year, 51% of the cost comes from tax revenue, not premiums paid by seniors, an amount that will soar in coming years. the new healthcare law seeks to cap healthcare spending to measure of inflation. if it goes faster something called the independent payment advisory board or icap would find savings. >> the board is prohibited by law to make recommendations to ration care, reduce benefits, raise premiums or raise cost sharing. >> it would therefore be limited to calling for cuts to providers such as doctors. committee chairman paul ryan knows providers only get # 0% of the rate now, headed to 66% and then half of that. he argues that doctors will just stop treating seniors. >> it's rationing on the
finally came out publicly with a bipartisan, big, tough plan, a framework for how to deal with our very real challenge with our record deficits and debt. it's my hope that the senate will consider cut, cap and be balance, defeat it and then put a responsible plan on the floor, one that shares the sacrifice across all the areas of our budget and that puts forward the kind of framework that everyone can support. bill: okay. on the cut, cap and balance, so you agree with harry reid that this is a waste of time on a balanced budget. why would a balanced budget amendment when polls show 72% of those surveyed favor it, why would you be opposed to that, senator? >> i don't speak for leader reid, obviously, but what i think the leader was suggesting was that with ten days left until we default on america's mortgage, we should be focusing on things that have a very real chance of passage in both houses and that can avoid the catastrophic consequences of defaulting on america's debt. i think leader reid and many of us in the senate are concerned that if we simply keep ping-ponging back and forth
of the day tomorrow and most of the day afternoon showers pop up and monsoonal flow work in . no big storms to worry about . 95 degrees in minneapolis . 96 in kansas city . tomorrow, a bit of the a relief and a big heat wave in the north tapering off as the front approaches. if you are in the southwest, it is a scorcher. 11 until phoenix and in california, summer comes your way. that's the latest. we'll be right back. [ male announcer ] if you think "heroes" are only in movies, consider this: over 70% of firefighters are local volunteers... these are our neighbors putting their lives on the line. and when they rely on a battery, there are firefighters everywhere who trust duracell. and now you can join with duracell to help. just buy specially-marked packs & duracell will make a battery donation to local volunteers. these days don't we all need someone to trust...? duracell. trusted everywhere. >> maria shriver filed for divorce from arnold schwarzenegger. she cited irreconcilable differences in the paperwork which her attorney handed in today to los angeles superior court. the couple had b
him and it's still separated by advocates of big spending the wonderful things government should do. >> it's a project of national significance. we've got no projects on the menu right now and we have to figure out if we are still a country this that can think this big. >> john: i think the advocates of big spending are winning. most people think that government has to control economies. >> here we have the examples of the opposite. for the current situation this was caused by the free market when you have a fannie and freddie and regulations and federal reserve pumping in with cheap credit, the best thing is five investment props properties and have no job. that is crony capitalism at its worst. >> john: thank you. the election season is under way and now we're going to get those ugly, nasty campaign ads. worse than ever i'm told. but that is myth, too. do you want to see a really nasty campaign mudslinging? that is next. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars.
administration owes us a big answer. >> the rob is not everybody agrees as hard as it is for us to believe. the evidence is in the circumstantial, they were his bite marks on her body. the evidence is strong. but the mexican government and there are a lot of people in the international community that are saying, look, we don't think he got a fair trial and there could be u.s. citizens at risk abroad if you don't follow the policy of the treaty. >>guest: see, this is why it is a political issue and not a legal issue and that is why i am outraged. he would not play politics with the death of another kind of person, it had to be a girl and is sex crime. look, here is the issue. we do have a treaty with mexico. but if there was a country where we shouldn't be overly concerned about respecting the treaty rules, it is mexico. they have, in the few years ago, a report was done by the justice department saying mexico is out of line, disrespectful of treaty responsibilities with the united states when it comes to our citizens having legal issues and dilemmas in mexico. what are we doing? why with t
, their expectations he cannot meet. president obama hats -- has been a big, fat disappointment in the arab world and now they view them less favorably than they did in the bush administration. overwelming majority felt obama hadn't full filled the promise of his speech in which he called for an end to suspicion and discord between the u.s. and muslim countries. but mostly they are upset over his handling with key mideast issues like palestinian states and michelle leaving "glee" and they viewed the u.s. less favorably since we killed osama bin laden. if only we can unkill him. we asked a couple of typical arabs to comment. >> i don't speak arabish so i don't understand. kevin, how are you, man? >> very good. how are you, andy? >> i'm good. >> this is kind of a big deal. >> he put a lot of stock into how the world views america. >> did he, really? what i really like is for the first time probably in living history we have the arabs, the persians in the west all agreeing on one thing, obama is doing a crap job. here is the presence of diplomacy if i have ever seen one for opening up dialogue. i do
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
sign of relief? "fox & friends" starts right now. >>dave: good saturday, everyone, a big news saturday. we thought the heat would be the big story. but anything but. a very serious matter. good to have you here for alisyn. >> all hell breaking loose in many parts of the world including in norway. >> we have new information of the shooting in the shotting massacre and bombing that happened hours apart in norway. >> this as the death toll from the attacks has gone up to 91. and greg is leave in london. greg? >>greg: we have been tracking this story through the night and hour by hour it is worse and worse and the words, the gunman as he shot the victims "you all must die," describing the scene, the prime minister, he turned paradise into hell. and now the events of the shocking attack right now. police now say that 84 people were killed on the island 20 miles from the capital of norway, one of the worst mass shooting sprees in history. the gunman was dressed as a policeman calling teens to come closer and then tee towns the guns on him, machine guns, rifles and pistols and the kids ran, h
the moments. americans are outraged you have to big chunk of americans that still believe that she was guilty in this case and even though she was proven not guilty, many say that doesn't mean she was innocent. and protesters were out there, outside of the jail, waiting for casey to leave just outraged take a listen to what some people were saying. >> we're just out here, we don't care if it's raining, where the thunder is, we're out here. >> it's an important thing to boycott casey, that she gets no money, protest that this kill ser getting out. that she had such a jury trial that was as much a joke. six-year-old would have made a more conscientious decision. >> sheet's definitely guilty. >> and dave mentioned the facebook, there's the i hate casey anthony facebook page. 45,000 now. >> dave: it's up now 48,755 and i would imagine that list will continue to grow throughout the days and weeks ahead. >> clayton: another one, an f-casey anthony page. more than 775,000 individuals on that. so they were choosing between the two facebook pages the i hate casey anthony page and another one. >> ainsl
intend to have my voice heard. just won't be with a big megaphone. >> sean:7ç do you agree this particular primary is a little different than previous primaries? republicans seem to have historically pick the next person up this year seems to be a battle between a tea party candidate or establishment candidate is that a fair characterization? >> i think that's right. i think the old order is being dismembered. the democratic party is a coalition of communities around special interests. president obama was very effective in mobilizing support in the down fall of the democratic party around his candidacy being the organized principle of that.gr that's what he's going to try again. republicans are slower to move into the 21st century model. but, the old idea that it was someone's turn no longer is valid. >> sean: you have been very critical of president obama on one issue in particular. it came up again today. the fact that the president seems obsessed with braming your brother for all of the problems that exist -- with blaming your brother for all of the problems that exist.
? >> well, i think he would like a big deal, a big agreement that would do two things. one was it would give the appearance, at least, of having made a major inroad. raising the debt ceiling and the leverage that provides to the republicans who only control one house of the congress further spending cuts. i think those are his two objectives. he wants the big deal because it would give him something to run on. he will could say look, we have taken major steps to improve our country's fiscal situation. and that will help the economy, he will argue. even if the economy hasn't done much between now and then. i think he wanted a deal. yeah. he wanted it on his terms he wanted a deal. >> here is why i disagree with you: last may, the senate voted on president obama's proposed budget cuts 400 billion over 10 years. that's 40 billion a year. 40 billion a year. that's nothing. that's lunch money for what the government spends. he didn't want any spending cuts. that was just three months ago. so how you can say now that he really wants some kind of meaningful deal? he didn't want it in may. why does
point. that's not a big deal. a lot of that is tied to greece and not what's happening in washington, is it not? >> reporter: let's put this into perspective. broadly speaking you could say the following. if there is no deal on this debt problem by that deadline in early august, if there is no deal you will probably see the stock market retreat big time. if surprise surprise there is a deal, and the debt ceiling is raids and we borrow some more money and we don't default, you can expect stocks to go straight up. that's the situation we are in. what i'm saying is you are going to see an awful lot of up and down with your money hour by hour. that's the way this week is going to be. bill: stuart varney. u.s. secretary of state hillary clinton is saying she is sure a debt deal with be reached. >> i'm confident congress will do the right thing and secure a deal on the debt ceiling. and work with president obama to take the steps necessary to improve our long-term fiscal outlook. bill: no coincidence she made those comments in hong kong. can both side make a deal? senator ron johnson, a ne
something that that big a deal. so are you concerned, congressman west, about what happens come august 2nd? and that if it is, you know, the situation where people stop getting social security checks, that folks like you will pay for it come election time? >> no. my concern is we have a president that is not willing to do his job, and that is to prioritize the spending that he is digging in his heels being a rigid i'd log, and he must understand that every single one of his economic policies have failed. it's time he realize that he does not have the moral high ground in this argument and that we do have the right type of viable solutions in the near term and for the long term. martha: let me ask you this, in the caucus meeting that you were in this morning, what did you walk out of with in terms of whether or not there's going to be any deal? are we going to get any deal, or are so many republicans in the house basically digging in their heels and saying no deal? >> well, i think the thing right now is that we understand there's some principles that we're looking for, pretty much exactly
to make a statement so big that it could not be misunderstood. finally, there was one warning sign that is coming out now. the intelligence officials in norway apparently saw a red flag when he ordered large amounts of chemicals from a company online from poland. it did put up that red flag. they checked into it. apparently did not think anything of it. there had been -- he been big lots of fertilizer, but he rented a farm and planned that well. so he got away with. >> shepard: greg burke, thank you. continued coverage of the stunning attack. we'll talk live with a former fbi agent who supervised the federal task force to capture the unabomber. what he says about how the gunman in this case carried out the massacre. and why it is so hard to stop this kind of terrorism. that's minutes away. >> first, washington, politics and the debt ceiling debate. they are at it again. it is almost all politics. there's a little more than a week left before the u.s. hits its borrowing limit the 2nd of august the u.s. will default on all of its loans. everyone has different ideas. politicians from
. the president came out and said republicans, you have to do a big deal and by the way, if you are thinking about an interim plan, forget it, i'm not going to do it. >> i found it interesting because he basically said both sides had to get used to some sacrifice. brian, you and i had the debate yesterday on radio whether or not he would have that particular tone. but that's what he said. i found it interesting he said we should attack this right now, although a month ago he wasn't even involved in these talks. you have to ask him why the sudden urgency now. the other question is is that august 2nd deadline, could tim geithner just push that date a little bit more down the road or is that hard and firm? >> well, here is the -- >> it's not going to get easier, it's going to get harder. we might as well do it now. pull off the bandaid, eat our peas. now is the time to do it. if not now, when? i'm prepared to take on significant heat from my party to get something done. and i expect the other side should be willing to do the same thing if they mean what they say. >> it's amazing. yesterday the presid
a gun, geraldo, you don't have security. i have a big laugh when they asked me for a security guard. they don't want him to have a gun. don't want to have security, don't have a gun, not having security. i laugh about people hire our company don't want armed people. what good is security? >> geraldo: 93 dead in norway. guess what the maximum sentence this guy is facing. >> is he probably facing six years and eating sardines or something. that's a very liberal country. we know about that. >> there is no death penalty in norway. and the maximum jail time is 21 years and they can't run consecutively so 21 years, this 32-year-old perpetrator is facing 21 years. >> to look at that and look at the bodies that were laying on the coastal line there. and these people were just slaughtered. there for 90 minutes, geraldo. what kills me is that this is the labor party's group there. wouldn't you put some kind of protection just for these kids? if they got hurt there, how would you then, the medevac somebody over there. >> the legend of the peaceful country is shown to be very naive. bo, i will
would the president come out today and hold this news conference if he didn't have something big to announce? >> reporter: well, i think it may be a matter of using the bully pulpit of the presidency of the united states, essentially putting publish pressure on lawmakers so come back to the bargaining table with some serious ideas that they're willing to give a bit to find a deal. and so it's the president being able to -- the power of the presidency being able to take his case directly to the american public to say here's what i want to do, here's why we have to do it, and here's why we need these other people to get in line or get on board. and so we will see if it helps to make his case or whether it causes the respective constituencies to say well, that's just wrong, we're not going to do that, and whether it, you know, extends the impasse or whether it leads to an ultimate breakthrough. it's not clear at this point. >> and there is the bully pulpit that mike was referring to. mike emanuel, thank you very much, we'll see you after the president speaks. again, we're waiting fo
all across the country, and they have been hit with a big tax, many forced to close their doors and that is having far-reaching affects. we are going to explore that live with that story. patti ann: a new add campaign claims that milk can cure pms. some people not happy about who the ad is targeting. live with details on that. johnston harris is live at our.com wall. she has three hot videos. you get to choose which one. >> reporter: just above the stories you'll find that pms story about the milk. you have to check that out. after you vote in that poll then you have to decide which story you want to see. the choices for today, i love it when the viewers get a chance to say what they want, big, fuel tpheurbgt it's late but it's finally here and it goes a really long way without having to refuel and it holds a whole lot of people, do you want to see that, or do you want to see a suspect being walked down a hallway, this is in washington state, what happens as people take justice into their own hands, it's pretty unbelievable. remember there are cameras everywhere. and a two-heade
vulnerable to a stock, a european debt crisis pops up again or you get another big natural disaster. are we headed for a double dip? >> boy, i sure hope not. but these signs, just what happened the last few weeks, you've had more companies, paul, as you know, laying off workers, major companies like sisco, nobody's hiring right now. the housing market stinks. consumers aren't spending, so you just wonder where the job growth is going to come from. and obama is in a bit of a vice here right now. because they spent the 800 billion dollars in 2009 and 2010 to prop up the economy, and you've got a little bump up in the economy from that and now the debt is so big, you can't continue to borrow, so i think that keynesian economics have run its course. >> paul: they have thrown every part of the keynesian arsenal at this, near zero it rates for two and a half years, cash for clunkers, mortgage policy, housing tax credits and here we are under 2% growth and 9% unemployment. what's the lesson of the policy choice sns. >> well, the short lesson they don't work and steve is right, if the president rea
said he would like a big plan in terms of making substantial cuts to show we are serious about cutting the deficit. he would also like us to carry the nation through the 2012 election, but today the white house chief of staff was asked about the two-stage or two-tier plan. here is how he responded. >> if there are two steps fine, but do not of a step in the second part that lets the political system show us dysfunction. get this deficit ceiling put off perhaps after the election but more importantly putting that off and giving certainty and lifting the cloud of default is begin a serious discussion and action on the deficit. >> reporter: so the way things stand, there are conversations going on the hill and lawmakers on the hill. at this point it's not clear necessity can achieve a breakthrough. the stumbling block continues to be revenues or cutting tax loopholes, however you want to look at it. >> gregg: asian markets will be open shortly. market reaction to a deal or no deal. thank you very much. catch more of chris wallace interview with john boehner and he talked to the treasury-s
should be spending time to get americans back to work and fixing the economy. there is a big issue coming up with regards to the debt ceiling. president ought to be in washington meeting with republicans, meeting with democrats. he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis, but he is here raising money for a campaign. doesn't even have a primary opponent. >> gregg: might gop governors rally around mitt romney. he is lashing out at the current president? >> i think that is possibility. i think what you elude to, governors think that those from their ranks make the best president. you have heard a number of governors yet to endorse that idea they would like to see a governor as the nominee. they would like to see a governor as the next president. i think you have to wait a while until the field narrows or some things become a little clearer. at this point i just don't think there is enough reason for the vast majority of the governors to come together and endorse and pick a candidate. >>
to demand, you are contributing more to this problem or as much to this problem of the big deficit. >> government cannot create wealth. come on. we have come out three years where government by spending massive amounts it could create jobs and create wealth and you've seen that. >> history is full of examples. reagan saw tax cuts and growing economy. clinton years saw tax hikes and a growing economy. but don't confuse with causation it's cumulation of trillions of goods, services and money. no one person, no president and no economist can predict with certainty where a tax policy leads. wrong predictions are a foundation of economic study. >> the size of economics is looking what the unintended consequences. >> one unintended consequence is tax on luxury goods in the early 1990s. the law imposed extra taxes on jewelry of $10,000 of cars of over $30,000 and boats of over $100,000. it was seen as a way of raising revenue by targeting people that could most afford it, the wealthy. the pleasure boat industry laid off 19,000 blue collar workers. so economists offer answers but few guara
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
this afternoon. here is the president in his weekly address. >> good news is we agree on some of the big things. we agree that after a decade of racking up deficits and debt, we need to get our fiscal house in order. we agreed that to do that both sides are going to have to step outside of the comfort zone and make some political sacrifices. >> reporter: but even if the key players reach a deal tomorrow, congress has to vote on the entire package. >> heather: you heard about this poor job numbers, they came out friday. how are they taking it? >> unemployment numbers surprised everyone. democrats say it shows that americans need some help from the government. republicans say that now is the not the time for a tax hike. here is the republican address today. >> the obama administration promised that stimulus would keep unemployment below 8 am. two and a half years ago it's 9% and still rising. that is unacceptable. america can do better. >> reporter: meaning the white house if they meet a deal the next few days if they are going to meet the august 2nd deadline. realistically it would take three we
here. and big things to overcome. i'm neil cavuto and it's hot outside and heated inside. two sides are still at a logjam over the basic issues that have sprayed them from very beginning in this debt ceiling debate and whether we extend it and address some of the spending issues that are so inherent and important in this ongoing debate. here is the latest we can tell you. the progressive caucus, 75 members strong in the house of representatives, bernie sanders in the senate, saying that what they are talking about than the deal itself and dead set against approving any middle ground measure approved by republicans and democrats at this juncture. we have senate democrats meeting with this very latest impasse. white house says it's willing to extend the debt deadline by maybe a couple days if necessary if the two sides are close. as we stress, that is not a given right now. the first chance for stock markets comes from few hours, asians open few hours and middle eastern markets, they were find of nonplused by these developments. we have pennsylvania republican pat toomey and there is
, the hoover dam. and even today, it's still celebrated by advocates of big spending as an example of the wonderful things government should do. >> the project of national significance, we've got the projects on the menu right now and we've got to figure whether or not we're still a country that can think this big. >> and i think they are winning in the marketplace of idea, advocates of big spending. most people think economies won't take care of themselves, government has to control them. >> and yet, here we have the greatest examples of the opposite. with the great depression and the current situation, for somebody to think that this was caused by the free market when you have fannie and freddie with the regulations and federal reserve pumping the system with cheap credit. interest only and have no job. you know, that's not the free market at work, that's crony capitalism at its worst. >> thank you, tom woods, damon root. election season is underway and so now we're going to get those ugly, nasty campaign ads. worse than ever i'm told, but that's a myth, too. want to see a really
today's astronauts did to get set for a mighty big flight. >> two stager... command in the center. shepard: all as we prepare for sts 135, the final mission. shepard: and good morning again from kennedy space center, along the space coast in florida, and, right now we're waiting for the grand finale of the american space shuttle odyssey. we have just gotten word from forecasters at nasa the last few minutes they are cautiously optimistic that the weather may hold, and there was just a 30% chance of acceptable weather and we're told we're on target for an 11:26 lift off for the international space station. now there's a lot of cloud but the ceiling is high and the worry was there would be spotty showers here and there and the shuttle cannot take that. the rain could damage heat shields and would be difficult to return should it go into the atmosphere, an estimated 750,000 people have come here to watch this happen and a live look at the space shuttle and the four american astronauts preparing for this historic mission. a 12-day voyage, set to end when atlantis returns to earth on t
to and in, on the other hand you are contributing more to a problem or as much to the problem of the big deficit. >> government cannot create wealth. we came out of three years where government has told us by spending massive amounts, it could actually create jobs and hence create wealth. we've seen it work. >> history is full of examples. reagan years saw tax cuts and growing economy. clinton years saw tax hikes and growing economy. economic trends a culmination of trillions of exchange of goods, services and money. no one person, no president and no economist can predict with certainty where a tax policy leads. wrong predictions or a foundation of economic study. >> the science of economics is looking what unintended consequences. >> one consequence, they made a tax on luxury goods, jewelry over $10,000. of cars over $30,000 and on boats have over $100,000. it was seen as a way to raise revenues by targeting the wealthy. as a result, car importers lost 20% of the market share and pleasure boat industry laid off 19,000 blue collar workers. so there are answers but few guarantees of succ
of the midwest. >>> those power companies are asking people to conserve where they can. >> gregg: big question when can folks expect relief from this sticky heat. meteorologist maria molina in the extreme weather center? >> depending on where you live. in you live in the upper midwest or northeast you are expected to get relief. parts in the southern plains, oh man, texas and dallas, texas and triple-digits for days to come. parts in the southeast are not expecting any relief. northern parts, a cold front is going through the region but 95 in new york city. and it feels like 101 in new york. 106 is dallas, texas. so those dangerous levels of heat and humidity. there are a number of affected heat warnings out for those areas shaded in red also across portions of the midwest. that is where we could see heat index values up to 120 degrees. take a look at them from yesterday. 124 in wilmington, delaware and many other areas are looking at extremely high heat index values. throughout the great lakes it is going to produce some severe weather. as we head into tomorrow, it will look better but still
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
of whether or not he wants a big payday. he's the only person he's got to be between the hoards of people who would like to hurt her or kill her as well as the hoards of media that would like to interview her. >> what do you think? >> you have to chalk another victory to jose bias. every network wants to know where she is. nobody knows where she is and they did it they ducked the media. she could be in five places philadelphia, new york, ohio and nobody knows where she is. >> you think it's casey saying i don't want no part of george and casey or is it baes running the show? >> ultimately what's going to happen she is going to get paid. this is about a big payday. we don't know where she is but for the right amount of money we are going to find out. he has to keep her away from the masses they will produce her at the appropriate time and the money will reign. >> i was going to say or joey if baes really cares about her he shavers her head puts a blonde wig on her has to wear over sized clothes and puts her in montana, iowa, idaho. >> but then she can't make money off it if we don't know -- >>
. alisyn: you talk about what the stock market is doing. yesterday it took a big hit closing down almost 200 points. it was the 4th straight day of losses. let's bring in stuart varney to help us understand this. will the market go down again, stu? >> in general terms nobody will be prepared to forecast where the stock market will go. it's like october of 2008 when there was a decision in the house, do we bail out wall street or don't we. there was a profound reaction on wall street when that vote came in. in general terms, here is what you can say. if we get a deal -- if a deal looks likely by this weekend, the stock market will probably go up. quite sharply. if we do not get a deal at all, nothing is on the table by that next week's deadline you can expect the stock market to go down quite sharply. those are generalized expectations for stocks, but i think they are realistic. here is the news of the day. as of this morning, a letter went out from the chief executives of all the big wall street firms. that letter went out to every member of congress. everybody on capitol hill. it was a
the northeast will see a big relief from these hot temperatures back to normal with a high of 82°. texas, still expecting triple digit highs 103 in dallas. raleigh, north carolina still above average high at 95. >> arthel: it stays hot at night, i know here in new york. people who are healthy and strong, they are becoming overwhelmed by the heat. >> very important to stay safe. some areas during this heatwave their nighttime lows with were hotter than their daytime average high temperatures. the entire day throughout the overnight hours they were looking at temperatures above average. it is incredible how massive and powerful this past heatwave was. fortunately, almost over for some folks. >> rick: a lot of people look to go into the water to find relief from this heat. you have to be safe. there's a search underway in western wisconsin after two boats collided. two people were killed in the crash. one from each boat. two men are still missing both in their 20s. one was arrested. another three sent to local hospitals. police say people onboard had gathered for an upcoming wedding. they are look
're doing. not getting a big reaction from that in the mainstream media. we're going to have a fair and balanced debate on that moments from now. >>> and we continue to keep one eye on this story, awful breaking news coming in the from norway after that bombs -- bombing earlier. now reports that a gunman went into a youth camp, and the wires are saying that a number of people have been shot in this incident. ambassador john bolton joins us now in three minutes on that story as an investigation is now underway following another deadly bus crash on our nation's roads as well. one person is dead, dozens more are injured, and we may be joined moments from now by the soldier who helped to save lives at this scene. he became a first responder. this is an incredible story, and we're trying to get a conversation with him going. we'll keep you posted on that. >>> also an ohio policeman under fire for a rant that was caught on his dash cam. did this officer overreact? the we're going to play that tape for you, you can see what you think. be right back, more "america live". >> what's the first
she has in her possession at all times. her safety is a big concern of this jail. put the camera there, you can see just how secure this facility is. 74 people facing murder charges in this jail alone. these jails are usually built with more facilities for men and women because more machine are in jail than women. there's a men's side and a women's sigh. not luxurious by -- any means. lights out 10, 11:00 at night. it doesn't mean lights out. lights out means lights dimmed. 4:00, 5:00 in the morning the lights come back on. all night long people are watching her and every inmate. this is a short term facility. not designed to be where someone can live a long time. for that reason it is austere. most people incarcerated are anxious to get through the trial procedure and get to a prison should that be their fate. a prison generally is a better place to live, it is a long term facility, not short term. there's a big difference in terms of y, probably she will have to go to court that gets her out of here, at leave for the day. the defense says caylee drowned accidentally in the family poo
. >> hi. >> my name is amanda, and i'm a big fan, i'm from iowa originally. >> nice. >> yes. [laughter] i'm an atheist, and in dangerousville, ohio, in 2008 you asserted that no organization receiving taxpayer funds would be able to discriminate in hiring or firing based on a person's religion. however, you have not rescinded the executive order that permits this type of discrimination. in a time of economic hardship when it's difficult for a person to get a job based on her skills, what would you say to a woman who has been denied employment because of her religion or lack of religious beliefs by a taxpayer-funded organization? >> well, this is a very difficult issue, but a more narrow one than i think might be implied. it's very straightforward that people shouldn't be discriminated against for race, gender, sexual orientation and/or religious affiliation. what has happened is that there has been a carve outdating back to president clinton's presidency. for religious organizations in their hiring for particular purposes. and this is always a tricky part of the first amendment. on the on
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